Greenbrier Companies (NYSE:GBX) Stock Gets Price Target Cut from Susquehanna

Greenbrier Companies (NYSE:GBX) had its target price reduced by stock analysts at Susquehanna from $52.00 to $45.00 in a research note issued on Thursday, Benzinga reports. The brokerage currently has a “neutral” rating on the transportation company’s stock. Susquehanna‘s price objective would indicate a potential upside of 2.38% from the company’s previous close.

A number of other brokerages have also recently commented on GBX. Bank of America decreased their price target on Greenbrier Companies from $42.00 to $38.00 and set an “underperform” rating on the stock in a research note on Tuesday, October 27th. Weiss Ratings downgraded shares of Greenbrier Companies from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, October 27th. Wall Street Zen downgraded shares of Greenbrier Companies from a “hold” rating to a “sell” rating in a research note on Saturday, October 24th. Finally, Zacks Research cut shares of Greenbrier Companies from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 27th. Two analysts have rated the stock with a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, Greenbrier Companies has a consensus rating of “Strong Sell” and an average target price of $40.33.

Greenbrier Companies Stock Performance

NYSE GBX opened at $43.95 on Thursday. The company has a 50-day simple moving average of $41.14 and a two-hundred day simple moving average of $48.08. The company has a quick ratio of 1.24, a current ratio of 2.43 and a debt-to-equity ratio of 1.09. Greenbrier Companies has a 12-month low of $36.35 and a 12-month high of $59.19. The firm has a market cap of $1.36 billion, a price-to-earnings ratio of 15.98, a PEG ratio of 0.44 and a beta of 1.53.

Greenbrier Companies (NYSE:GBX) last announced its quarterly earnings data on Monday, October 26th. The transportation company reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.41). Greenbrier Companies had a net margin of 3.21% and a return on equity of 4.85%. The company had revenue of $591.00 million for the quarter, compared to the consensus estimate of $605.10 million. During the same period last year, the business posted $1.26 earnings per share. The firm’s quarterly revenue was down 22.2% compared to the same quarter last year. On average, equities analysts forecast that Greenbrier Companies will post 3.30 EPS for the current year.

Institutional Investors Weigh In On Greenbrier Companies

Hedge funds have recently made changes to their positions in the company. Versant Capital Management Inc increased its stake in shares of Greenbrier Companies by 63.0% during the third quarter. Versant Capital Management Inc now owns 1,185 shares of the transportation company’s stock valued at $47,000 after purchasing an additional 458 shares in the last quarter. Amundi raised its position in Greenbrier Companies by 12.4% in the 1st quarter. Amundi now owns 5,154 shares of the transportation company’s stock worth $271,000 after buying an additional 567 shares during the last quarter. Skylands Capital LLC boosted its holdings in Greenbrier Companies by 3.3% in the third quarter. Skylands Capital LLC now owns 19,040 shares of the transportation company’s stock worth $763,000 after purchasing an additional 600 shares during the last quarter. Illinois Municipal Retirement Fund grew its position in Greenbrier Companies by 4.5% in the 1st quarter. Illinois Municipal Retirement Fund now owns 16,567 shares of the transportation company’s stock worth $872,000 after purchasing an additional 719 shares during the period. Finally, Meeder Asset Management Inc. bought a new stake in Greenbrier Companies in the 1st quarter worth approximately $54,000. 95.59% of the stock is currently owned by institutional investors.

About Greenbrier Companies

Greenbrier Companies, Inc is a transportation equipment company that designs, manufactures and supplies freight railcars and related services. Its products include covered hopper cars, tank cars, gondolas, boxcars, intermodal equipment and railcars used to transport automobiles and other specialized cargo.

The company also provides railcar leasing and management services, maintenance, refurbishment, wheel services and parts. Through its manufacturing and service operations, Greenbrier supports railroads, leasing companies, shippers and other participants in the North American freight transportation industry.

Founded in 1974 and headquartered in Lake Oswego, Oregon, Greenbrier has expanded its operations beyond the United States, with manufacturing and service activities serving customers in North America and international markets.